On 1/27/14, International Shipholding Corp.'s 9.50% Series A Cumulative Redeemable Perpetual Preferred Stock (ISH.PRA) will trade ex-dividend, for its quarterly dividend of $2.375, payable on 1/30/14. As a percentage of ISH.PRA's recent share price of $106.90, this dividend works out to approximately 2.22%, so look for shares of ISH.PRA to trade 2.22% lower — all else being equal — when ISH.PRA shares open for trading on 1/27/14. On an annualized basis, the current yield is approximately 8.89%, which compares to an average yield of 8.39% in the "Transportation" preferred stock category, according to Preferred Stock Channel.
Cash Dividend On The Way From International Shipholding Corp.'s 9.50% Series A Cumulative Redeemable Perpetual Preferred Stock
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